And you'd also better create an addendum that specifies that the $50K does not go to him unless you purchase the property and have it held in escrow with a 3rd party attorney (again, defeating your 1031).  

I think if a prop is defeated, there should be a minimum number of years before it can be proposed again (I like 5 years).If it passes, jurisdictions that have laws to rent control single family units, that is currently not valid due to Costa Hawkins, will become valid. 

There's lots of pages out there about how easy it is to defeat a smartkey lock, but I can't find any anecdotes of anyone actually getting robbed by a thief doing so.

Buying a property to house hack with an LLC basically defeats the purpose of doing it.

Defeats the purpose.

I was also considering that it would defeat the privacy of ownership of the property that the LLC provides... 

Here in NYC you can find the best deal ever and it would still not cashflow (which defeats the purpose of the BRRRR strategy). 

For a time I was looking at duplexes but found the only thing I could afford were abandoned properties in or near the worst areas of town, after that defeat I started looking for properties on the MLS to flip but because I needed financing I couldn't compete with cash buyers.

https://www.theepochtimes.com/...the federal moratorium has been defeated, but liberal states are creating their own.

Either way that situation pretty much defeats the point of buying at auction, might as well just keep the $100k in the bank and save the stress if they will just take my profit.